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To: Jim Willie CB who wrote (11132)	4/5/2000 1:15:00 PM
From: Voltaire	Read Replies (4) \| Respond to of 35685

Thanks JW, glad to see you pulling yourself away from the split tails long enough to post. Hope everything is well. v

To: Jim Willie CB who wrote (11132)	4/5/2000 2:01:00 PM
From: seahorse	Read Replies (3) \| Respond to of 35685

Surprised Q isn't sassier today. Any TA reason?

To: Jim Willie CB who wrote (11132)	4/5/2000 2:01:00 PM
From: stockman_scott	Respond to of 35685

Greenspan says Fed not targeting stock prices <<WASHINGTON, April 5 (Reuters) - Federal Reserve Chairman Alan Greenspan said on Wednesday a sharp rise in equity prices risked fostering inflationary imbalances in the U.S. economy but insisted the central bank was not out to hurt stock prices. Speaking at a White House conference on the ``New Economy', Greenspan reiterated the Fed was worried by the strong growth in demand that was outstripping supply in the U.S. economy, a signal that the central bank remains firmly on track for further interest rate rises in the months ahead. While Greenspan said the Fed did not target equity prices, he issued a veiled warning about the recent run-up in the price of technology shares. ``History will judge' whether the expectation of sharply higher profits for technology companies that had driven the gains in their share prices was ``prescience' or ``wishful thinking,' he said. ``The persuasive evidence that the wealth effect is contributing to the risk of imbalances in our economy...does not imply that the most straightforward way to restore balance in financial and product markets is for monetary policy to target asset price levels," he said. Greenspan's remarks came after days of sharp gyrations in the U.S. stock markets, where technology shares in particular were taking a wild ride.>>